Macquarie: Weekly crude build to offset gasoline draw
==========
Commodity strategists at Macquarie Bank anticipate a rise in US crude inventories by 2.2 million barrels (MM BBL) for the week ending June 7, which will offset the expected draw in gasoline. They also forecast a slight reduction in crude runs from refineries (-0.2 million barrels per day (MBD)) and a significant nominal increase in net imports. The strategists expect a substantial reduction (-1.0 MBD) in domestic supply and a smaller increase in Strategic Petroleum Reserve (SPR) inventory (+0.7 MM BBL) for the week.
#MacquarieBank #CrudeOil #Gasoline #Inventories #Refineries #Imports #DomesticSupply #StrategicPetroleumReserve
https://uk.investing.com/news/commodities-news/macquarie-weekly-crude-build-to-offset-gasoline-draw-3541301
Investing.com UK /
npub1em…ucllf
2024-06-10 23:16:41
Author Public Key
npub1em7dyua4kecyhe868eq29cthns4hkhssjykccv3j0hg9656nzm8s2ucllfPublished at
2024-06-10 23:16:41Event JSON
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"content": "Macquarie: Weekly crude build to offset gasoline draw\n==========\n\nCommodity strategists at Macquarie Bank anticipate a rise in US crude inventories by 2.2 million barrels (MM BBL) for the week ending June 7, which will offset the expected draw in gasoline. They also forecast a slight reduction in crude runs from refineries (-0.2 million barrels per day (MBD)) and a significant nominal increase in net imports. The strategists expect a substantial reduction (-1.0 MBD) in domestic supply and a smaller increase in Strategic Petroleum Reserve (SPR) inventory (+0.7 MM BBL) for the week.\n\n#MacquarieBank #CrudeOil #Gasoline #Inventories #Refineries #Imports #DomesticSupply #StrategicPetroleumReserve\n\nhttps://uk.investing.com/news/commodities-news/macquarie-weekly-crude-build-to-offset-gasoline-draw-3541301",
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